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Small Business Worried about Retirement Readiness, Not Big on Plans

Most U.S. small business owners think the country’s lack of retirement readiness threatens business and the economy, yet that concern doesn’t necessarily translate to concrete action to address it, a new survey has found. Only about one-third of small-business owners offer a retirement plan for their employees, according to “Poll Report: Small Business Owners’ Views on […]

Most Prevalent Incentive Payments? Survey Says …

Approximately one-third of employers report that their organizations supplement wages and salaries with cash incentives in the form of individual or team awards, spot bonuses, and similar payments, according to a recent survey of Cash Compensation practices conducted by BLR. Long term incentive bonuses were most frequently reported to be paid to employees at the […]

Pension Plans: Many County Employees May Be Entitled To Higher Benefits

Several counties, and possibly other public employers as well, may soon be paying out a lot more in retirement benefits. The reason is a new decision by the state Supreme Court that said a Southern California county improperly excluded certain cash payments when calculating pensions under the County Employees’ Retirement Law. Retirees File Suit In […]

News Notes: DOL Unveils New E-Laws Advisor For Federal Contractors

The U.S. Department of Labor (DOL) has announced the latest in its series of e-laws Advisors. The new Advisor assists federal contractors and subcontractors in understanding basic coverage and compliance information for several laws that the DOL’s Office of Federal Contract Compliance Programs enforces. You can access the new Advisor on the DOL website.

Hurricane Sandy prompts extension of affirmative action form deadline

by Tammy Binford The U.S. Department of Labor (DOL) has extended the deadline for federal contractors and subcontractors to file their VETS-100 and/or 100A reports because of the effects of Hurricane Sandy. The deadline was extended from October 31 to November 9. All paper reports and electronic files in the 2012 cycle are now due […]

Defined Contribution Plans: Socially Responsible Investment Options on the Rise

By 2010, 60 percent of defined contribution plans will offer a socially responsible investment (SRI) option, according to a study released this past summer by Mercer Investment Consulting, a global provider of HR and related financial advice and services, in conjunction with the Social Investment Forum, a nonprofit organization that promotes responsible investing. Nineteen percent […]

Claims Adjusters Don’t Qualify for Overtime Exemption

Liberty Mutual’s claims adjusters investigated and estimated claims, made coverage determinations, negotiated settlements, and identified potential fraud. The claims adjusters sued the insurer for back overtime pay, claiming they were misclassified as exempt administrative employees. A California appeals court has now ruled in the employees’ favor, finding that they didn’t qualify for the administrative overtime […]